Taxpayer

IRS Delays, Refund Holds, and Penalties: Lessons from the 2026 Taxpayer Advocate Reports

Each year, the National Taxpayer Advocate reports to Congress on how the IRS is performing—and where taxpayers continue to face challenges. The most recent reports, released in January and June 2026, show that while the IRS is handling a high volume of returns efficiently, issues still arise when matters become more complex, and there is

The Uncredentialed Tax Preparer Problem — Why a $18.75 PTIN Isn’t Enough

Who's Preparing Your Taxes? The Shocking Truth About Unregulated Tax Preparers Every year, millions of Americans hand their most sensitive financial information to a stranger and trust that person to file an accurate, honest tax return on their behalf. What most taxpayers don't realize is that virtually anyone can call themselves a "tax preparer" —

How the “One Big Beautiful Bill” Affects Individuals

In the last few weeks, we have spent many hours spent reading parts of the the new bill, examining articles, posts and summaries, attending several tax webinars,  and discussing these changes internally and with different colleagues. From our initial analysis, these are the main items that impact individuals: Tax rates from TCJA (Tax Cuts and

By |2025-08-06T04:34:46+00:00July 14th, 2025|Categories: Individuals|Tags: , , , , , , , |

Mid-Year Report to Congress Issued by the IRS National Taxpayer Advocate

In the IR-2025-71, the IRS shared the mid year report to Congress and provided a summary of items. These items below indicate the areas of focus and improvement for the future: Status on the 2024 filing season The IRS received around 141 million return (processed 138 million - the difference might be bounced returns due

By |2025-06-25T20:33:29+00:00June 25th, 2025|Categories: Business, Individuals|Tags: , , , , , , , , , |

Most serious problems (IRS report): #5 Lack of competency of tax preparers

In the 2023 National Taxpayer Advocate report to Congress, this organization lists a number of issues that the IRS should address as priorities for "serious" problems. The report is public and published each year. Additionally, the report provides details in plain language of why each problem has a significant impact on the taxpayers and how

IRS still finalizing some forms for e-file acceptance

At the present time, the IRS is still finalizing some forms for the e-file acceptance. As a result, there could be rejections or errors on the e-file in certain forms or schedules are e-filed as part of the tax return. The U.S. Government Accountability Office GAO "...  provides fact-based, nonpartisan information to Congress. Often called

IRS Taxpayer Bill of Rights

As part of the IRS Tax Tip 2021-112, the IRS reminded the taxpayers their Bill of Rights. We highly recommend reaching out to a tax professional once you get a notice from any tax authority to ensure it is address on a professional and timely matter. We noted that some of the notices received by

By |2025-01-10T02:03:40+00:00August 5th, 2021|Categories: Individuals|Tags: , , , , , , , |
Go to Top